March 1, 2024

Press release

Why Electric Vehicle Charging Firm EVgo Shares Are Skyrocketing Today

EVgo Inc. (NASDAQ: EVGO) reported Q3 revenue of $35.1 million, beating the analyst consensus of $29.69 million. Revenues rose 234% year-over-year.

The company's net loss per share of ($0.09) beat the street view of ($0.21).

Revenue growth was primarily driven by year-over-year increases in charging revenues and eXtend revenue.

The company's network throughput reached a record 37 gigawatt-hours in Q3, an increase of 208% year-over-year.

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